Experts Financial News
25.11 / 03:31
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Argentina's President-elect Javier Milei says closure of central bank 'non-negotiable'
statement from his office was posted on social media platform X (formerly Twitter) and was aimed at addressing what he termed as "false rumors". Also Read: Who is Javier Milei, Argentina's next president who wants to scrap local currency, and eliminate the central bank? With his December 10 inauguration looming, the outsider libertarian economist is in a rush to assemble his team. Indications suggest that Milei might opt for a more moderate Cabinet than initially anticipated, the report added.
25.11 / 02:44
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Can't accept Hindenburg's Adani claims as ipso facto correct, no reason to doubt Sebi probe, says Supreme Court
Supreme Court on Friday said it could not accept shortseller Hindenburg Research's allegations of fraud, misgovernance and stock price manipulation by the Adani Group as the «ipso facto true state of affairs,» and that's why it had asked the Securities and Exchange Board of India (Sebi) to inquire into the matter. An apex court bench rallied behind the regulator, saying it found no material to doubt the Sebi investigation or the impartiality of the expert committee headed by former Supreme Court judge Abhay Manohar Sapre. The panel had been appointed by the top court on March 2 to examine regulatory mechanisms to protect investor interests, following the January report by the US-based shortseller that sent Adani stocks tumbling. The bench comprising Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra — while reserving judgment on petitions related to the matter — said the court could not proceed on the assumption that the Hindenburg report was true.
25.11 / 02:09
Strategy
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testing
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Gold price ₹544 away from life-time high. Will it climb a new peak?
Gold rate today: Amid buzz of US Fed interest rate pause and falling US dollar index, gold and silver price bounced back from lower levels and registered more than one per cent rise in the week gone by. On weekly basis, MCX gold rate ended 1.07 per cent higher at ₹61,370 per 10 gm levels whereas MCX silver rate finished 1.02 per cent higher at ₹73,915 per kg levels.
25.11 / 01:45
Experts
country
Inside
information
travelers
Uttarkashi tunnel collapse Day 14: Rescue halted, 'no timeline yet' to retrieve 41 trapped men. 10 points
rescue operations as machines have again stopped. 1)The team of experts who came to conduct a survey at the rescue site of the Silkyara tunnel, informed that there were no heavy objects up to 5 metres in the rescue tunnel. 2)The team, which came from Parsan Overseas Pvt Ltd Delhi, used the ground-penetrating radar (GPR) technique to examine the rescue tunnel.
25.11 / 01:19
Experts
composer
electronic
information
reports
isolate
recommendations
Ministers group likely to discuss e-gaming on December 15
group of ministers (GoM) formed to deliberate on issues related to regulating online gaming is likely to hold its first meeting on December 15, said people with knowledge of the matter. While the GoM has conducted “a couple of informal meetings” so far, the first official meeting is likely to set the tone for the process of regulating online gaming, with a specific focus on how to effectively tax the sector and avoid “any illegal gambling or betting, especially from off-shore players”, said one of the persons, who did not wish to be identified.
25.11 / 00:58
Ethereum
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Solana Shows Remarkable Performance, But Attention Turns to a Rising Newcomer
The bullish momentum that started in Q4 2023 has seen top altcoins like Solana (SOL) surge astronomically. However, this explosive growth has not prevented investors from searching for better investment options. As a result, Rebel Satoshi ($RBLZ), an upcoming meme coin, has seen massive investor interest despite being in its public presale.
24.11 / 20:14
Fighting
J&J
vaccine
hiv
Experts
country
medicines
South Africa, Colombia, others are fighting drugmakers over access to TB, HIV drugs
In a series of moves experts say signal a shift in how developing countries deal with pharmaceuticals, South Africa, Colombia and others have recently adopted a more combative approach towards drugmakers, pushing back on policies that deny treatment to...
24.11 / 20:14
24.11 / 20:09
Highways
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evacuation
NOT
Uttarakhand tunnel collapse: Escape passage mentioned in tunnel plan, but panel finds it is not there
Uttarakhand for thirteen days now, serious questions are arising on the issue of the 'escape passage'. Every document associated with the project — from tenders to geo-technical reports — mentions the project with the 'escape passage'. Case in point, a statement by the Press Information Bureau dated February 20 announcing the approval of the Cabinet Committee on Economic Affairs for ₹1383 crore project to build a «4.531 km long 2-Lane Bi-Directional Silkyara Bend — Barkot Tunnel with escape passage' on the Yamunotri route.
24.11 / 18:55
Experts
country
information
Department
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medicines
Two painkillers Tapentadol and Pregabalin may go off OTC over misuse
DCGI) is considering banning over-the-counter (OTC) sales of pain relievers Tapentadol and Pregabalin, a move aimed at curbing their misuse, a person in the know said. While drug formulations containing Pregabalin are prescribed mainly for the management of neuropathic pain, and to treat fibromyalgia, the Pregabalin capsules and tablets are used along with other medications to treat certain types of seizures. Now, the drug regulator is considering putting Pregabalin and Tapentadol in the category of drugs that cannot be purchased without a valid prescription from a registered medical practitioner (RMP). In this regard, the DCGI has constituted a sub-committee, including experts from the regulator's office, clinicians and pharmacologists, who will review the matter. The sub-committee will give its recommendations soon, a person in the know said.
24.11 / 18:39
Experts
reports
Be harsh when you see serious fudging, NFRA tells auditors
how to handle some of the failings in financial statements, and asking them to stay alert, display professional scepticism, and question unsubstantiated assertions of company managements. In June, the regulator clarified that quitting an audit assignment does not absolve a statutory auditor of the responsibility to report fraud noticed during the audit, and that absence of audit documentation and failure to submit audit files to the regulator is clear evidence that the audit is unreliable and invalid.
24.11 / 17:43
Binance
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Bitcoin Bulls Shrug Off Binance Turbulence: Is $40,000 in Sight Now?
This week marked significant developments in the cryptocurrency industry, with the DOJ imposing a historic fine on Binance and the exchange's admission to serious accusations leading to the forced resignation of Changpeng Zhao. Despite the gravity of these events, Bitcoin's eventual response was quite subdued.
24.11 / 17:38
Target
Progressive
Action
pandemic
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Climate action: The Dubai conference will be taking the same, inadequate baby steps that previous editions have
COP21, the UN Climate Change Conference, led to a new international climate agreement, applicable to all countries, aiming to keep global warming at 1.5-2° C, in accordance with the recommendations of the Intergovernmental Panel on Climate Change (IPCC). Since then, progress on reducing CO2 emissions has been glacial. The Covid pandemic shifted attention away from climate change for a while. But global economic slowdown also led to a slowdown in global emissions increases.
24.11 / 17:38
Provident
Aviat
Airlines
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guidelines
DGCA brings guidelines against GPS spoofing
Civil Aviation regulator DGCA has released a circular to airlines and the Airports Authority of India (AAI) to deal with fake GPS signals that overpower a flight's own navigation system and divert it from its intended path. Increasing number of reports have suggested that Indian airlines and aircrafts have been facing incidences of GPS spoofing and jamming when they fly over parts of the Iraq-Iran area. «Considering the increasing reports of GNSS (global navigation satellite system) interference over airspace in the Middle East in the recent past, DGCA had formed an internal committee on October 4.
24.11 / 16:37
Citi
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Aware
Remark
Experts
Financial
PB Fintech to invest Rs 349 crore in financial boost to Policybazaar
PB Fintech on Friday said it has made a further investment of 349 crore in its arm Policybazaar to strengthen the financial health of the subsidiary. “PB Fintech made a further investment of Rs 349 crore in Policybazaar Insurance Brokers Pvt Ltd, a wholly-owned subsidiary," the company said in a filing. The present investment seeks to strengthen the financial health of Policybazaar to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives. PB Fintech will infuse the funds into Policybazaar in one or more tranches during FY24 and FY25. PolicyBazaar and PaisaBazaar, which are jointly classified as the core online business for PB Fintech, have seen revenue growth of 46% on a year-on-year basis in the second quarter, one of the highest growth achieved in the past four quarters. Adjusted EBITDA for the core business improved to Rs 68 crore. In the September quarter, PB Fintech's revenue surged by 41% YoY, driven by remarkable growth of 129% on YoY basis in the insurance business. EBITDA margins improved from -39.4% a year ago to -11% in the second quarter, propelled by cost reductions in ESOPs, controlled employee and advertising expenses, resulting in significant operating leverage benefits. Analysts expect this trend to continue for the foreseeable future. So far this year, PB Fintech shares had a terrific run with 80% gain on a year-to-date basis. Post the quarterly results, Keynote Capital has revised its estimates and maintained a ‘Buy’ rating on the stock, with a target price of Rs 968. «The company stands at a pivotal juncture, driven by catalysts such as renewal commission growth, strategic expansion into tier-2/3 cities through offline channels, and
24.11 / 16:21
SEC
Fox
Pool
BlackRock
ICO
Experts
Bitcoin
New P2E & Staking Project Flies Past $200k in ICO – The Next Market Sensation?
BlackRock recently met with SEC officials to discuss and clarify details related to their Spot Bitcoin ($BTC) ETF product. Investors must throw off their bearish bias and flip risk-on or get left behind. Institutional flows into crypto are guaranteed, followed by the halving against the backdrop of rate cuts and more printing from the FED.
24.11 / 16:21
Blockchain
Provident
Digital
Platform
Experts
stage
Weekly
Weekly Update: Investor Interest Peaks in Celestia and BorroeFinance Amid Continued Market Success
Celestia (TIA) was one of the few tokens with a triple-digit price surge in November 2023. As a result, the token made it to most investors’ lists, and TIA is still on its bullish trajectory. Similarly, savvy investors are rushing to buy BorroeFinance ($ROE) tokens at the tail end of its second presale stage. Keep reading to see expert forecasts and opinions on these tokens.
24.11 / 16:13
Citi
Digital
Platform
Align
President
Experts
innovations
Centre
IISc’s FSID launches Centre of Data for Public Good with a first-of-a-kind symposium
FSID) within the Indian Institute of Science (IISc) has announced the launch of the Centre of Data for Public Good (CDPG). The Centre is dedicated to advancing research, innovation, collaboration, and best practices in the realm of data science, analytics, and policy to address critical societal challenges, IISc said in a press release.
24.11 / 16:13
FIVE
Reuters
Nov
Experts
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Oil prices steady ahead of OPEC+ oil production decision
Brent crude futures were up 42 cents at $81.84 a barrel by 1459 GMT, having settled 0.7% down in the previous session. U.S. West Texas Intermediate crude were down 33 cents from Wednesday's close, dropping to $76.77.
24.11 / 16:01
FIVE
CEO
Strategy
Dreams
Experts
reports
Posthaste: Family business owners are rushing to hand over their companies
Many Canadian family business owners are accelerating the handover of their companies under pressure from a changing economic landscape and internal family dynamics, according to a new study by KPMG LLP in Canada.
24.11 / 15:48
Target
FIVE
Strategy
Experts
exclusive
prevention
BJP vs Congress in Rajasthan Election 2023: Why govt has been changing every 5 years; Will it swing this time too?
Follow Assembly elections 2023 LIVE Updates here In an exclusive interview with NDTV, Pilot had said, “We (Congress) haven't won consecutive elections in Rajasthan for 30 years. Why? We need to introspect on this." This trend — of change in government in Rajasthan every five years — is seen as a factor in favour for the BJP. Many believe that the saffron party might come back to the power, keeping up with the trend.
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